USDCAD remains in uptrend from 1.0810, the fall from 1.1031 is likely consolidation of the uptrend. Support is located at the lower line of the price channel on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to resume, and another rise towards 1.1200 is still possible. On the downside, a clear break below the channel support will indicate that lengthier consolidation for the longer term uptrend from 1.0619 (Jul 3 low) is needed, then deeper decline to 1.0850 area could be seen.
